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Head of Bashneft believes company undervalued

The company is now worth about $7.5 bln, but it should be worth a little more

ST. PETERSBURG, June 17. /TASS/. Head of Bashneft Alexander Korsik said the company undervalued compared to other Russian companies.

"Compared to other Russian companies, we are undervalued. The company is now worth about $7.5 bln, but it should be worth a little more," he told reporters.